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I need help filling up the chart Exercise 14-45 (Algo) Compare Historical Cost, Net Book Value to Gross Book Value (LO 14-2,5) The Street Division
I need help filling up the chart
Exercise 14-45 (Algo) Compare Historical Cost, Net Book Value to Gross Book Value (LO 14-2,5) The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $43.0 miliion and hoving a Tour-year expected Hife, after which the assets can be salvaged for $8.6milion. In addition, the division fias $43.0milim in in assets that are not depreclable. After four years, the division will have $43.0 milition avalloble from these non depreciable assets. This means that the division has invested $86 million in assets with a salvage value of $51.6million. Annual operating cash fiows are $13.4minion, in computing ROL, this division uses end-of-year asset values in the denominator. Depreciation is computed on a straight-line basis. recognizing the salvage values noted. Ignore taxes. Required: a. 8 b. Compute ROI, using net book volue and gross book value for each yeat- Note: Enter your answers as a percentage rounded to 2 decimal places (i.e.,32.10) Step by Step Solution
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